Greek stocks ended strongly higher in the Athens Stock Exchange on Tuesday boosted by market optimism after a Eurogroup meeting on Monday gave the green light for the beginning of technical talks on debt relief measures for Greece, a development which pushed Greek bond yields to new record lows.
The general index rose 1.62 pct to end at 872 points, its highest closing since February 27, 2015. The Large Cap index rose 1.69 pct and the Mid Cap index ended 0.72 pct higher. Turnover was a strong 111.044 million euros in volume of 60,573,596 shares. Sarantis (6.29 pct), PPC (4.08 pct) and OTE (3.59 pct) scored the biggest percentage gains of the day, while Terna Energy (1.13 pct) and Lamda Development (0.14 pct) suffered heavy losses. Among market sectors, Telecoms (3.59 pct), Financial Services (2.49 pct) and Banks (2.26 pct) scored big gains while Technology (0.58 pct) was the only one to end lower. National Bank and Alpha Bank were the most heavily traded securities of the day. Broadly, advancers led decliners by 71 to 53 with another 28 issues unchanged. Dionic (20 pct), Vioter (19.62 pct) and Dromeas (11.11 pct) were top gainers, while Euromedica (19.69 pct), Sidma (11.76 pct) and Pasal (11.73 pct) were top losers.